Hao Hao ReportThe best China news and blog posts

US Treasury Secretary Henry Paulson on Tuesday praised China's cooperation in taming global financial turmoil and urged the next US president to continue an active economic dialogue with Beijing. In his first major speech on China in two months, Paulson said he has held useful and constructive discussions with Chinese Vice Premier Wang Qishan on the turmoil rocking global markets.

Henry Cejudo of the United States has won the gold medal in the men’s freestyle wrestling 55kg class at the Beijing Olympic Games.
Cejudo defeated Japanese Matsunaga Tomohiro on points.
Besik Kudukhov of Russia and Radoslav Vel

Yippee! China's yawning trade surplus rose to a monthly record high of $28.7 billion in August as the gap with the United States and Europe widened despite a global economic slowdown.

During the first weeks of April, Treasury officials of the United States, Canada and Great Britain made trips to China to meet with top officials in the Chinese government.

Ignoring pro-Tibet protesters, who opposed the trip, Sandra Pupatello, Minister of Economic Development and Trade of the Canadian province of Ontario, furnished the Chinese leadership with her personal support as well as the support of her country (historically friendly to the "People’s" Republic) at this time in which international public opinion is focused on the protests over Chinese oppression in Tibet.

China on Saturday denounced the U.S. government's decision to sell arms worth of about 6.5 billion U.S. dollars to Taiwan. Foreign Ministry spokesman Liu Jianchao said the Chinese government and people firmly opposed this action which seriously damaged China's interests and the Sino-U.S. relations.

James Fallows discusses the dangers of China's investment in US treasury notes and other holdings.

One of the policies agreed during the Fourth Cross-Straits Economic, Trade and Cultural Forum was for three banks to earmark 130 billion yuan (US$19 billion) to help Taiwan-funded businesses in the mainland cope with the global financial crisis over a period of three years.

China warned the United States on Thursday not to meddle in its trade relations with Iran after Washington expressed concern about a Chinese oil company's planned investment in an Iranian gas field.

WASHINGTON (AFP) - The United States added farm-raised fish and shrimp to a growing list of Chinese products deemed unsafe for US consumers, regulators said Thursday.

The US Food and Drug Administration said it would block the import of farmed Chinese seafood until importers could prove the shipments were free of unsafe contaminants.

The move comes just days after lawmakers urged a recall of up to 450,000 Chinese tires because of safety defects and weeks after thousands of cats and dogs died because of tainted Chinese pet food.